With a fast growing industry churning an approximate $ 75 billion in revenues, the Indian healthcare industry is still at the moment crippled with inadequacies to meet the surging population of the country. There is a stark shortage of doctors, clinics, hospital beds, nurses and pharmacies. In addition, there is also a lack of knowledge on who are the most reputed or effective providers for special procedures, how and where to reach them and the expenditure that is to be incurred that is confronting patients in the country.
And when the awful diagnosis of a surgery is prescribed, the patient is well within reason to go in for a second opinion. But if the healthcare industry that is already so busy with the burgeoning patient size has to go in for another round of prescribing opinion, we are actually sharing from an already little pie that is on offer.
Not only that even for the patient looking for a second opinion, the task is very often tedious. For every consultation the patient seeks extensive planning in terms of scheduling appointments, travelling the distance to reach a doctor and sometimes having to wait long hours to the final consultation. All this invests high cost, time and energy for the sick patient and his family members accompanying. The agony of the patient is accentuated if severe discomfort and pain preludes the impending surgery.
Market Size
Currently, the Indian average of a doctor to patient ratio is 1:10,000 as against the global average of 15: 10,000. This is creating a pressure on the healthcare providers to either multiply in number or create methods to reduce this dependency. Seeing the rising inclination of the patients to go for at least one opinion after the original diagnosis, industry leaders are excited about the innovation in potential of the latter. Opinions float that at least twice as many consultations are being requested as the number of diagnosis currently being made in India. Electronic consultations here are becoming more acceptable to the physician and convenient for the patients who require non-emergency communications with doctors. Such a concept has found high degree of acceptability abroad and has especially excited the insurance industry in India that is looking for ways to reimburse electronic consultations and electronic visits.
Current Models used to discover healthcare providers
In the present evolving scenario, patients around the world approach the provider through the best conditions available. A lot of players
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